The global crisis is caused by pathologies inherent in the global financial system itself.
GEORGE SOROSWhen a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
More George Soros Quotes
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My main concern is with the world order.
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I rely a great deal on animal instincts.
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The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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I’m only rich because I know when I’m wrong.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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The main obstacle to a stable and just world order is the United States.
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Political debate is more interested in manipulating the truth, than finding the truth.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
GEORGE SOROS